Record Processing Campaign Delivers 7,900oz Au Production

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 20 Apr 2026, 8:50 a.m.
Price Sensitive Yes
 Record Processing Campaign Delivers 7,900oz Au Production
Key Points
  • Final processing campaign under Ore Purchase Agreement with Genesis Minerals completed
  • Record processing parcel of ~140kt at 2.0g/t Au for ~7,900oz recovered gold
  • Gold recoveries of 89.1% - trending to long-term average metallurgical performance
Full Summary

Brightstar Resources Ltd (ASX:BTR) has announced the successful completion of the fifth and final processing campaign under the Ore Purchase Agreement (OPA) with Genesis Minerals Limited (ASX:GMD). The March 2026 campaign delivered approximately ~140kt of ore grading 2.0g/t Au, producing a reconciled ~7,900oz of recovered gold. This represents both the highest tonnage and highest contained gold parcel Brightstar has processed since the commencement of the OPA. The campaign returned gold recoveries of 89.1%, trending to the long-term average metallurgical performance of previous processing campaigns. The OPA has delivered over $138 million in gross revenue, with the free cash flow generated facilitating significant value-creation activities such as the development of the Fish mine and construction of the broader Fish-Lord Byron project site. Brightstar is now in a strong financial position, setting a platform for the construction of its own processing plant infrastructure and the commencement of mining at Lord Byron in 2H'CY27, ahead of the targeted first gold through the Brightstar mill in the middle of 2027.

Outlook

The company is now in an incredibly strong financial position which sets a strong platform for Brightstar to execute on the construction of our own processing plant infrastructure and the commencement of mining at Lord Byron in 2H'CY27, ahead of the targeted first gold through the Brightstar mill in the middle of 2027.